Coinbase Suitable for High Volume Trades
You are of course faced with lots of different decisions as someone who wishes to use any of the major cryptocurrencies. However, one important decision you should spend some time considering is just which digital currency exchange you should use.
There can be and is a whole host of features and benefits of choosing to use one exchange over any other, and with that in mind I want to enlighten you on the benefits of using one of the most popular exchanges, that being Coinbase.
Coinbase is suitable for anyone wishing to buy or sell Bitcoin. However it is certainly suitable for those of you who want to perform high volume exchanges with the minimal of fuss and effort, and without being screwed into paying some hefty fees and charges too.
In regards to the currencies you can buy and sell Bitcoin, you are going to be able to use GBP, Ether, US Dollars and Euros. In regards to trade fees those are going to be 1.49% if and when you trade between currencies associated with your Coinbase account.
If you wish to use a credit card as your preferred payment method for buying Bitcoin, the fees associated with doing so are 3.99%, you will not be able to sell Bitcoin however and get the funds sent back to a credit card account.
You will be given the option of being able to make a bank deposit to buy your Bitcoin holdings and the fees associated with doing so are dependent on just which country you reside in. US residents will be required to pay a 1.49% free, EU and UK residents will not be charged such a fee and when using a US Wire Transfer that option will see you paying a fee of $10
Withdrawing funds back to your bank account will cost 1.49% of the value of the transaction if you are doing so to a US bank, and just €0.15 when requesting payment to a UK or EU bank account.
I have heard nothing but glowing reviews of Coinbase, and as such if you are looking for a digital exchange that does have some excellent user feedback then they are certainly one to consider using.
Do however keep in mind that if you wish to use any other digital or fiat currency to buy or sell Bitcoin that is not on offer at Coinbase, there are going to be plenty of other exchanges that you can make use of, just make sure the one you select has low fees and a good user rating too.